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Avation (LON:AVAP) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Avation logo with Industrials background

Avation PLC (LON:AVAP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 144.48 ($1.81) and traded as high as GBX 154 ($1.93). Avation shares last traded at GBX 154 ($1.93), with a volume of 57,119 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on shares of Avation from GBX 280 ($3.51) to GBX 255 ($3.20) and set a "buy" rating for the company in a report on Thursday, September 26th.

View Our Latest Stock Report on AVAP

Avation Trading Up 1.0 %

The firm has a market capitalization of £109.16 million, a P/E ratio of 733.33, a PEG ratio of -0.15 and a beta of 1.17. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The firm has a 50 day moving average of GBX 164.74 and a 200-day moving average of GBX 144.55.

Avation Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 28th were given a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 0.29%. This is an increase from Avation's previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 28th. Avation's dividend payout ratio is presently 3,809.52%.

Insider Transactions at Avation

In other news, insider Stephen Fisher acquired 115 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of £156 ($195.66) per share, with a total value of £17,940 ($22,500.94). 19.30% of the stock is currently owned by insiders.

About Avation

(Get Free Report)

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.

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